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Solar park tenders, power purchase on hold as Rewa bids disrupt market

According to reports, the low bid received for the Rewa solar park in Madhya Pradesh has jolted the market in many ways. While most states are rethinking their tenders, many have gone slow on buying solar power contracted at higher rates. Solar Energy Corporation of India (SECI) has extended the deadline for three solar parks, Charanka in Gujarat, Bhadla in Rajasthan and Kadapa in Andhra Pradesh. Sources said the tenders had been put on hold after solar tariffs declined to ... Read More »

Low bids hurt IRR of solar power developers, aggressive bids to continue

According to reports, the falling bid spiral for solar power in this fiscal is likely to spill over to coming year. However, it will hurt the Internal Rate of Returns (IRR) of the solar power developers. Clean energy sector experts have pointed out low bids have been possible due to declining input price of solar modules. In an estimate by Bridge to India, at average harmonised tariff of Rs 4.31 (¢ 6.3)/ kWh gives us an equity IRR of 14.20 per ... Read More »

Indian solar power producers may get module prices relief

According to reports, global prices of solar modules, a key component in setting up solar power plants, could fall by as much as one-fifth this year, companies and analysts say. That will come as a shot in the arm for Indian producers of solar power and could increase the financial viability of projects. India has a target of setting up 100 gigawatts (GW) of solar and 60GW of wind energy capacity by 2022. Installed solar power had crossed 9GW as ... Read More »

Annual conference on wind energy in Delhi next month

According to reports, the Indian Wind Turbine Manufactures Association along with the Global Wind Energy Council will host the annual conference on wind energy ‘Windergy’ in New Delhi next month. Secretary General of the Association D V Giri said here that the issues facing the industry will be discussed at the conference, where experts of international repute will address sessions. The three-day conference will be held from April 25-27. The event will bring together key government authorities, manufacturers, service providers, ... Read More »

Sembcorp Says India Payment Delays Raising Developer Costs

According to reports, Sembcorp Industries Ltd. said recurring payment delays by Indian electricity retailers are piling on costs to operators and are bad for the renewable power business it wants to build. Payment delays risk “affecting development of the sector,” Sembcorp India Chief Executive Officer Vipul Tuli said in an interview in New Delhi. The local unit of the Singaporean conglomerate, which last month won an auction to supply wind power in India, already has $4 billion of energy assets ... Read More »

Inox Wind looks to sell its stake in new project

According to reports,  Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said. Several buyers have shown interest, with ReNew Power, which lost out in the auction, close to clinching a deal. Neither ReNew Power nor Inox Wind was willing to comment on the matter. Inox won the bid quoting ... Read More »

NTPC installs India’s largest floating solar PV plant

According to reports, State-run NTPC on Friday said it has installed India’s largest floating solar photovoltaic (PV) plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) at Kayamkulam in Kerala. “A 100 kWp (kilowatt peak) floating solar PV plant, the largest of its kind in India as on date, indigenously developed as a part of ‘Make In India’ initiative, was inaugurated by A K Jha, Director (Technical) NTPC in presence of V B Fadnavis, RED (SR), R K Srivastava, ED (NETRA) ... Read More »

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